Crypto.com Initiates Major Restructuring Amid AI Integration Drive

Crypto.com has announced that it will be laying off around 12% of its staff as part of a major reorganization effort.

The decision is aimed at accelerating the integration of artificial intelligence (AI) into the company's operations, which CEO Kris Marszalek believes is crucial for success in the industry.

In a recent statement, Marszalek emphasized that companies that fail to adopt AI technology will be left behind and struggle to achieve scale and precision.

The layoffs primarily target roles that are not adaptable to the company's new direction, with those affected receiving support during their transition period.